Electricity prices TOMORROW, Sunday, January 28: cheapest hours.

Spanish households are living in anticipation of an electricity bill and are forced to change some aspects of their daily lives in order to make ends meet. Over the past few months, electricity prices have skyrocketed, forcing consumers to look to areas where it is cheaper to turn on appliances and thus save a few euros on their bills.

However, it’s not just energy costs that have risen sharply: butane cylinders, tobacco, gasoline and food have also risen in price in recent months. To compensate, today we have some good news for consumers.

According to preliminary data from the Iberian Energy Market Operator, the average electricity price for regulated tariff consumers linked to the wholesale market this Sunday, January 28, will again decrease by 21% compared to the previous day, to 52.14 euros/MWh (OMI) .

By time intervals

He Maximum price will happen between 19:00 and 20:00., from 71.55 euro/MWh; Meanwhile he minimumin the amount of 37 euros per megawatt-hour, will occur between 11:00 and 12:00This is evidenced by preliminary data from the Iberian Energy Market Operator (OMIE).

It is worth remembering that 2024 is full of new developments in the field of electricity tariffs. On January 1, a new formula for calculating the regulated electricity tariff, the so-called “Voluntary Price for Small Consumers” (PVPC), came into force, which covers about 8.5 million consumers, that is, about a third of all domestic consumers.

Unlike the calculation methodology used so far, introduced by the Electrical Sector Law 24/2013 and regulated by Royal Decree 216/2014, where the final price was fully indexed to the daily wholesale market, the new formula will partly include long-term forward price signals. To this end, since July 1 last year, reference marketers have been pre-purchasing part of the energy that the PVPC tariff will consume in 2024.

To reduce your consumption and lower your energy bills, you can follow these tips:

Appliances

To reduce the consumption of household appliances, it is advisable to:

– Turn off electrical appliances when you are away from home for a long period (vacation). Especially the fridge freezer which consumes up to 30% of the total consumption of the home.

– Don’t leave them on standby as they continue to spend even when they are not consuming.

– Try to use a sundial to dry your clothes.

Hot water

It is always recommended:

– Use hot water wisely. It is advisable to ensure that the tap is never left open more than necessary.

– Overall water temperature between 30°C and 35°C It might be enough.

Lightning

It is advisable:

– Gradually replace incandescent and halogen lamps with LED lamps, as they consume ten times less energy than incandescent lamps and have a service life ten times longer, saving up to 85% of energy.

– Make the most of natural light by turning off lights in naturally lit areas and anywhere there are open spaces or glass walls that encourage passive viewing.